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S 0361 - Changes the amount of earnings a retiree can earn under the South Carolina Retirement System upon returning to work

Tracking Level: Of Interest
Sponsor: Rex Rice
Last Action: 1/12/2021 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
RetirementNext Bill
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Staff Analysis of the Legislation

Summary of the bill as introduced: Changes the amount of earnings a retiree can earn under the South Carolina Retirement System upon returning to work from $10,000 to an amount not to exceed the earnings test exempt lower amount for individuals below normal retirement age.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
S 0361 General Bill, By Rice and Adams
Summary: Retirement system, earning limitations return to work to covered employment in SCRS and SCPORS
    A BILL TO AMEND SECTIONS 9-1-1790 AND 9-11-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UPON RETURNING TO COVERED EMPLOYMENT UNDER THE SOUTH CAROLINA RETIREMENT SYSTEM AND THE POLICE OFFICERS RETIREMENT SYSTEM, RESPECTIVELY, SO AS TO CHANGE THE AMOUNT THAT MAY BE EARNED FROM TEN THOUSAND DOLLARS TO AN AMOUNT NOT TO EXCEED THE RETIREMENT EARNINGS TEST EXEMPT LOWER AMOUNT FOR INDIVIDUALS BELOW NORMAL RETIREMENT AGE.
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12/09/20Senate Prefiled
12/09/20Senate Referred to Committee on Finance
01/12/21Senate Introduced and read first time (Senate Journal-page 284)
01/12/21Senate Referred to Committee on Finance (Senate Journal-page 284)



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